The heck with the conservative , no overrun adjustments. Leave just one centrifugal break in there. Adjust the side tension so that there is no tension , in fact , you want the spool to move back and forth sideways about 30 thousandths.
that reel will then be running as fast as I would dare use it. Then , you will only be limited by your ability to control the wide open reel with your thumb.
Do as fishpart said to clean the old grease out.
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